Offer Update

    RNS Number : 8997U
  Imprint Plc
  20 May 2008
   
    Not for release, publication or distribution, in whole or in part, in, into or from the United States, Canada, Australia or Japan

    Imprint Plc ("Imprint")
    Update in relation to the recommended acquisition of Imprint by Sawbuck UK Limited ("Premier UK"), a member of the Premier group of
companies ("Premier Group"), to be implemented by means of a scheme of arrangement under section 899 of the Companies Act 2006 (the
"Acquisition")

    Sanction of scheme of arrangement 

    On 4 March 2008, Premier Group announced the terms of a cash offer for the entire issued and to be issued share capital of Imprint at an
offer price of 115 pence for each Imprint Share. On 12 March 2008, the Board of Imprint announced that it intended to recommend the
Acquisition and on 28 March 2008 the Boards of Imprint and Premier UK announced that they had agreed that the Acquisition should be
implemented by way of a scheme of arrangement under section 899 of the Companies Act 2006 (the "Scheme"). A circular (the "Scheme Document")
was posted to Imprint Shareholders on 8 April 2008.

    Imprint and Premier UK are pleased to announce that at a hearing held earlier today, the Court granted an order sanctioning the Scheme.
This follows approval of the Scheme by the requisite majorities of Imprint Shareholders at the Court Meeting and the Imprint EGM held on 2
May 2008.

    The Board of Imprint further announces that it has received confirmation from Premier UK of the satisfaction or, where relevant, waiver
of all Conditions to the Scheme set out in Part Four of the Scheme Document.

    The Scheme and the Acquisition will not become Effective until the Court confirms the Reduction of Capital at the Second Court Hearing,
scheduled for Thursday 22 May 2008 and the office copies of the Scheme Court Order and Reduction Court Order are delivered to and, in the
case of the Reduction Court Order, registered by the Registrar of Companies. The Scheme is expected to become Effective on 23 May 2008.

    Expected timetable

    Imprint currently expects key events to occur in accordance with the following timetable*:

 Date                       Time                                         Event

 21 May 2008              6.00 pm                          Hearing Record Time

 22 May 2008                   -           Second Court Hearing to confirm the
                                                          Reduction of Capital

 22 May 2008                    -             Last Day of dealings in, and for
                                    registration of transfers, and disablement
                                                   in CREST of, Imprint Shares

 22 May 2008              6.00 pm                           Scheme Record Time

 23 May 2008              7.00 am                 Suspension of Imprint Shares

 23 May 2008                    -                 Effective Date of the Scheme

 27 May 2008              7.00 am    Cancellation of listing of Imprint Shares
                                                              ("Cancellation")

 6 June 2008                    -      Latest date for despatch of cheques and
                                    settlement through CREST in respect of the
                                                            cash consideration

    * These times and dates are indicative only and will depend, in particular, on confirmation by the Court of the associated Reduction of
Capital at the Second Court Hearing and the delivery of office copies of the Scheme Court Order and Reduction Court Order to and, in the
case of the Reduction Court Order, registration by the Registrar of Companies.  In particular it should be noted that Cancellation will only
take place on 27 May 2008 if the London Stock Exchange by no later than 4.00pm on 23 May 2008 receives confirmation that the Scheme and the
Acquisition have become Effective. To the extent that such confirmation is not given, Cancellation may be delayed.  Once the Imprint Shares
have been suspended from trading on AIM, it will not be possible to effect transactions in Imprint Shares on that market. It is not
anticipated that Imprint Shares will be restored to trading on AIM between suspension and Cancellation.

    Capitalised terms in this announcement have the same meaning as set out in the Scheme Document unless the context requires otherwise.

    Enquiries:

    Maitland (PR adviser to Imprint)                          Telephone: [phone]
    Neil Bennett
    Tom Siveyer
    The Board of Imprint accepts responsibility for the information contained in this announcement. To the best of the knowledge and belief
of the Board of Imprint (which has taken all reasonable care to ensure that such is the case), the information contained in this
announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

    Altium Capital Limited, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Imprint and for
no-one else in connection with the matters described in this announcement and will not be responsible to anyone other than Imprint for
providing the protections afforded to customers of Altium Capital Limited or for providing advice in relation to any matters referred to
herein.

    The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law
and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves
about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any
such jurisdiction.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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